Let’s take the example of oil prices as before. Column B repeats the average annual price of domestic crude oil in $/bbl. These values are given in current dollars, i.e. the value of the dollar in every given year. The second column shows us the values of the CPI index for every year, given on the basis of year 2000 = 100 (Figure 9.8).

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**********20 Example 9.5 Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Oil price $31.42 $35.75 $31.83 $29.08 $25.75 $26.32 $14,44 $17.75 $14.87 $18.33 $23.19 $20.20 $19.25 $16.75 $15.66 $16.75 $20 46 $18.64 $11.91 $16.54 $27.39 $23.05 $22.81 $27.69 $37.66 $50.04 $56.34 $64.20 $91.48 $53.48 $71.21 $87.04 Figure 9.8 Oil prices deflated with CPI CPI 2000-100 47 16 52.8 56.04 57.04 60.33 62 47 63.65 65.58 68 67 71.99 75.18 19.19 01.40 83.19 86.08 88 49 91.09 93.22 94.66 96.73 101 102 83 104.46 106.83 199.69 113.41 117.07 120.41 125.03 124.59 126.63 130 63 Delated to 2006 $valua $78 19 567.71 $56 80 $50 28 547 65 $43.09 $22.69 $26.90 $2165 $25 46 530 56 $25.54 $23 63 $19.97 $18 19 $18.93 $22 46 $20.00 31268 $17.12 $27.39 $22.37 $2184 $25.92 $34 33 $44 12 349 00 $53.32 573 17 $42.92 $56.23 566 63 Formulao C4 SDS24/04)